ROTTERDAM, Netherlands, February 1, 2012 – LyondellBasell (NYSE: LYB) today announced that Samsung Total Petrochemicals Co. Ltd., a joint venture of Samsung Group and Total S.A, has selected Lupotech T process technology from LyondellBasell for a new 200 KT per year low density polyethylene (LDPE) and ethyl vinyl acetate (EVA) copolymer plant. The plant will be built at the Daesan Petrochemical Complex in Daesan, South Korea and is scheduled for start-up in 2013.

“This is our second Polyolefin process technology licensed to Samsung Total in the last six years, which builds upon a solid relationship that will continue well into the future,” said Bob Patel, senior vice president of Technology at LyondellBasell, “Lupotech T, with more than nine million tonnes per year of licensed capacity, is the clear market leader in LDPE and EVA technology.”

Lupotech T was selected in competitive bidding due to its proven ability to produce high-value LDPE and EVA copolymers, at leading manufacturing cost performance, which are essential features to compete in the region.

Samsung Total also operates a 250 KT per year Spherizone polypropylene plant licensed from LyondellBasell at the Daesan petrochemical complex.

Key features of Lupotech T technology includes low manufacturing and investment costs, fast start-up and grade changes, high on-stream factor and capacities of up to 450 KT per year, which make it today’s technology of choice for the production of LDPE and EVA copolymers.

LyondellBasell is a leading licensor of polypropylene and polyethylene technologies. The more than 250 polyolefin process licenses granted by LyondellBasell are twice that of any other polyolefin technology licensor.

In addition to the Lupotech T process, LyondellBasell offers a portfolio of licensed polyolefin technologies and associated technical services is comprised of:

• Spherilene – flexible, gas-phase process technology for the production of LLDPE, MDPE and HDPE
• Hostalen – low-pressure slurry process for the production of high-performance multimodal HDPE
• Spherizone – latest-generation polypropylene technology based on a multi-zone reactor for the production of polypropylene and novel polyolefins
• Spheripol – leading polypropylene technology for the production of homopolymer, random and heterophasic copolymers
• Metocene PP – innovative add-on technology for the production of specialty polypropylene products using single-site catalyst systems

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LyondellBasell (NYSE: LYB) is one of the world's largest plastics, chemical and refining companies.  The company manufactures products at 58 sites in 18 countries.  LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive components, home furnishings, construction materials and biofuels.  More information about LyondellBasell can be found at www.lyondellbasell.com.

For information, contact:
Media – Andreas Anker, +49 22 3672 1595 or
andreas.anker@lyondellbasell.com